Short Interest in Wabash National Corporation (NYSE:WNC) Declines By 26.6%

Wabash National Corporation (NYSE:WNC) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,770,000 shares, adropof26.6% from the July 15th total of 2,410,000 shares. Based on an average daily trading volume, of 731,300 shares, the short-interest ratio is currently 2.4 days. Currently,4.5% of the company’s shares are short sold. Currently,4.5% of the company’s shares are short sold. Based on an average daily trading volume, of 731,300 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

Separately, DA Davidson raised their price target on Wabash National from $7.50 to $9.50 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.50.

Wabash National Trading Down 6.6%

NYSE:WNC opened at $10.1640 on Thursday. The firm has a market cap of $416.11 million, a PE ratio of -4.20 and a beta of 1.65. The stock has a fifty day moving average price of $10.47 and a 200 day moving average price of $10.53. Wabash National has a 12-month low of $6.78 and a 12-month high of $20.63. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 1.13.

Wabash National (NYSE:WNC) last released its earnings results on Friday, July 25th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.16. The firm had revenue of $458.82 million during the quarter, compared to analyst estimates of $435.75 million. Wabash National had a negative return on equity of 7.91% and a negative net margin of 6.38%.Wabash National’s revenue was down 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. Wabash National has set its FY 2025 guidance at -1.300–1.000 EPS. Q3 2025 guidance at -0.300–0.200 EPS. Sell-side analysts anticipate that Wabash National will post 0.94 earnings per share for the current fiscal year.

Wabash National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.1%. Wabash National’s dividend payout ratio is presently -13.22%.

Institutional Trading of Wabash National

A number of hedge funds and other institutional investors have recently bought and sold shares of WNC. Parallel Advisors LLC raised its stake in Wabash National by 255.9% in the first quarter. Parallel Advisors LLC now owns 2,395 shares of the company’s stock valued at $26,000 after buying an additional 1,722 shares in the last quarter. Allworth Financial LP raised its stake in Wabash National by 268.8% in the first quarter. Allworth Financial LP now owns 3,220 shares of the company’s stock valued at $34,000 after buying an additional 2,347 shares in the last quarter. Curat Global LLC acquired a new stake in Wabash National in the first quarter valued at $37,000. PNC Financial Services Group Inc. raised its stake in Wabash National by 55.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,710 shares of the company’s stock valued at $39,000 after buying an additional 1,331 shares in the last quarter. Finally, CWM LLC raised its stake in Wabash National by 1,520.7% in the first quarter. CWM LLC now owns 5,235 shares of the company’s stock valued at $58,000 after buying an additional 4,912 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.

About Wabash National

Wabash National Corporation provides connected solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment designs and manufactures transportation-related equipment and products dry and refrigerated van trailers, platform trailers, tank trailers, and truck-mounted tanks; truck bodies for dry-freight transportation; cargo and cargo XL bodies for commercial applications; refrigerated truck bodies; platform truck bodies; and used trailers, as well as laminated hardwood oak flooring products.